UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
ZENO, LAWRENCE M
6035 PARKLAND BOULEVARD
CLEVELAND, OH 44124
USA
2. Issuer Name and Ticker or Trading Symbol
PARKER-HANNIFIN CORPORATION
PH
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
February 29, 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
VICE PRESIDENT
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock | | | | | | |4,201.87 |I |(1) |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |8/17/9|F |V|3,671(2) |D |$46.00 |10,489 |D | |
|9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |11/8/9|G |V|3,904 |D | |10,489 |D | |
|9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |2/18/0|S | |.706(3) |D |$42.25 |1,686 |I |Joint w/wife |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |2/18/0|S | |.114(3) |D |$42.25 |16,297 |I |Wife |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Phantom Stock Units |1-for-1 | | | | | | | | | | |1019.314(4) |I |(4) |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option to Buy |8/11/99 |$45.0|A |V|10,780 |A |8/11/|8/10/|Common Stock|10,780 |(5) |10,780(6) |D | |
| |0 | | | | |00 |09 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option to Buy |8/11/99 |$45.0|A |V|10,780 |A |8/11/|8/10/|Common Stock|10,780 |(5) |10,780(6) |D | |
| |0 | | | | |01 |09 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) Parker Retirement Savings Plan, as of December 31, 1999, the latest date
for which information is available.
(2) Surrender of shares to satisfy withholding taxes upon vesting of
previously issued restricted stock in a transaction exempt under Rule
16b-3.
(3) Represents fractional shares held by Mr. and Mrs. Zeno in their accounts
in the Corporation's Dividend Reinvestment Plan that were sold upon their
elections to terminate their DRIP accounts.
(4) Savings Restoration Plan, as of December 31, 1999, the latest date for
which information is available.
(5) Granted under the Corporation's 1993 Stock Incentive Program in a
transaction exempt under Rule 16b-3.
(6) Mr. Zeno also owns 94,784 additional options granted pursuant to the
Corporation's 1993 Stock Incentive Program at various exercise prices and
expiration dates as previously reported.
SIGNATURE OF REPORTING PERSON
Thomas A. Piraino, Jr., Attorney-in-Fact
DATE
March 8, 2000
